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Fixed Rate Mortgage

Fixed rate mortgages are a great option for those who plan on staying in their current home for the foreseeable future and for those who like to plan ahead. Your monthly mortgage payment will remain constant over the life of the loan, making budgeting a breeze!

Features

  • Lock in a great rate for the life of your loan
  • Enjoy simplified budgeting with fixed monthly mortgage payments*
  • Take advantage of the convenience of local decision-making and loan servicing

*Payments do not include taxes and insurance premiums. When added the actual payment obligation will be greater.

Subject to credit approval.

First Time Home Buyer Program

Haverhill Bank’s first-time homebuyer program offers a .250% rate discount off the current 30-year fixed rate term. Unlike other programs, buyers only need a 3% down payment. What’s more, buyers under the program pay no points and receive a $1,000 lender credit to assist with closing costs.

Don't think you qualify as a First Time Buyer? All borrowers who have not held an ownership interest in a property for the previous three years may be eligible! Learn more about how to take advantage of this special program by calling 978-374-0161. Mention your interest in the First Time Home Buyer Program.

Features

  • Low down payment
  • Lender credit at closing
  • Discounted rate off 30-year fixed rate term

For qualified first time homebuyers only, subject to credit approval. Must complete and provide proof of completion for a qualified first time homebuyer course, ask a Mortgage Originator for information. Receive up to a $1,000 lender credit, to be applied at closing. Interest Rate, APR and discount shown are subject to change without notice. Rates are based on single family and condominium, owner-occupied dwellings. Private Mortgage Insurance (PMI) is required on all loans with a loan-to-value ratio greater than 80%. There is a maximum loan amount of $484,350.

Equity Builder Program

Haverhill Bank has partnered with the Federal Home Loan Bank of Boston to offer down payment/closing cost assistance for eligible home buyers. Affordable fixed-rate financing available to those who qualify.

Local decision-making and loan servicing will help put buyers on the fast-track to home ownership.

Features

The Equity Builder Program includes all of the benefites of our First Time Home Buyer Program, PLUS:

  • Additional 0.125% rate discount off 30 year fixed rate mortgages (for a total discount of 0.375%)
  • Up to $15,000 in down payment/closing cost assistance

For more program information or to find out if you qualify, speak with a Mortgage Originator today!

For qualified first time homebuyers only, subject to credit approval. Down payment/closing cost assistance of up to $15,000 available for owner occupied single family and 1-4 family homes, including qualified condominiums. Eligible applicants may not earn more than 80% of the area median income based on subject property address and must complete a homebuyer counseling education program administered by an agency designated by Haverhill Bank; see a Mortgage Originator for details. Private Mortgage Insurance (PMI) is required on all loans with a loan-to-value ratio greater than 80%. There is a maximum loan amount of $484,350. Down payment/closing cost availability is not guaranteed as funds are accessed through an enrollment pool on a first-come, first-served basis.

Low to Moderate Income

Haverhill Bank’s low to moderate income program offers a .250% rate discount off the current 30-year fixed rate term and requires only 3% down from qualified buyers. Additionally, buyers under the program pay no points and receive a $1,000 lender credit to assist with closing costs.

To find out if you qualify, call (978)374-0161 and reference our Low to Moderate Income program.

Features

  • Low down payment
  • Lender credit at closing
  • Discounted rate off 30-year fixed rate term

For qualified homebuyers only, subject to credit approval. Must complete and provide proof of completion for a qualified first time homebuyer course, ask a loan officer for information. Receive a $1,000 lender credit, applied at closing.  Available for single family and condominium, owner-occupied dwellings only. Private Mortgage Insurance (PMI) is required on all loans with a loan-to-value ratio greater than 80%. Estimated payments do not include amounts for property taxes, property insurance, hazard insurance and/or flood insurance; if applicable, the actual payment obligation will be higher. An escrow account may be required.  There is a maximum loan amount of $484,350.

Jumbo Mortgages

Certain homebuyers and homeowners fall into the “Jumbo” mortgage category, for those borrowing more than $484,350 — whether purchasing or refinancing. If that sounds like you, we offer “jumbo mortgages” with competitive interest rates!

Features

  • Competitive interest rates
  • Available as fixed or adjustable rate
  • Perfect for financing a larger home

Adjustable Mortgage

If you want to take advantage of a lower rate now or only plan on being in your home for a short period of time, an adjustable rate mortgage (ARM) may be the right choice for you! Adjustable rate mortgages typically have a lower initial rate followed by periodic rate adjustment intervals, resulting in monthly payments that will vary over the life of the loan.

Features

  • Enjoy the benefits of a lower initial rate
  • Ideal option for those with short term plans

Home Equity Loan

Need cash for home improvements or other large expenses? Consolidate all of your bills into one monthly payment and lock in a great rate!

Features

  • Borrow up to a combined loan value (CLTV) of 80% of the current market value of your home
  • Choose from a variety of convenient fixed rate terms to fit your needs

Property insurance is required, flood insurance may be required. Subject to credit approval. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.

Home Equity Line of Credit

With a home equity line of credit, you can establish a revolving line of credit secured by the equity in your home. You may borrow for almost any reason including home improvements or personal investments.

Features

  • Borrow up to a combined loan value (CLTV) of 80% of the current market value of your home
  • Access funds when you need them by writing checks against a pre-determined credit limit

Subject to credit approval. Early termination fee may apply if paid and closed within first 24 months. Property insurance is required, flood insurance may be required. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.

Personal & Auto Loans

Haverhill Bank offers a variety of convenient options for when you need to borrow funds. Whether you're looking to consolidate your debt or purchase a car, we have a personal or auto loan to fit your needs.

Features

  • Competitive rates
  • Convenient repayment schedules

For more information, speak to a Customer Service Representative today by visiting your nearest branch or calling us at (978)374-0161.

All loans are subject to credit approval.